Contract Deobligations Alert — October 22, 2026

The firm fixed price contract for NMNH sanitary and storm system upgrades carries a current end date of 2026-10-26 with no disbursements reflected, so cash realization and schedule execution are unverified. Recipient is a private Subchapter S corporation with no identified public parent.

A DHS/FPS delivery order for protective security officer services along the southern border has a current obligation of $22,644,780 against a $401,685,093 base-plus-options value, so option exercise would drive substantial future value. Recipient's public-market status is not disclosed.

DYNANET's $21,278,158 time-and-materials NIH IT program support delivery order has a $64,887,919 base-plus-options ceiling and a potential end of 2030-09-29, with only $4,134,410 outlayed so far. Option exercise would convert contingent value into revenue.

KYC Advisors received a $22,511,725 total small business set-aside delivery order from USCIS for DevSecOps and application development, with a base-plus-options ceiling of $82,909,800 and $6,590,471 already outlayed. Set-aside status provides a competitive channel for eligible small firms, though the recipient is private.

Six subawards totaling $29,353,830 exceed the prime's $22,928,263 obligation on this MILCOMM positioning, navigation, and training cybersecurity order, suggesting limited prime-level work and dependence on subcontractor execution. Outlays are reported at $0.

The Aerospace Corporation's DOE/NNSA delivery order carries a $41,772,736 current obligation and $26,579,293 outlayed against a $146,156,020 ceiling, indicating sustained nuclear-security analysis funding. The nonprofit FFRDC is not a public equity vehicle.

GUIDEHOUSE's $25,706,592 firm fixed price USDA Rural Housing Service call order shows $0 outlayed, and the parent is Veritas Capital Fund Management, a private equity fund, so no public equity exposure is directly implied.

Multiple awards show $0 outlays at or near award, including Grunley Construction ($29,213,000 Smithsonian), CDEEM Co. ($22,900,000 VA), GUIDEHOUSE ($25,706,592 USDA), and Universal Protection Service ($22,644,780 DHS), so cash realization depends on continued agency funding.

CDEEM Co. $22.9M VA generator upgrade has a current end date of 2026-10-16 with $0 outlayed, creating near-term schedule-slippage risk on a firm fixed price contract.

Universal Protection Service's current $22.6M obligation represents only about 5.6% of its $401.7M ceiling, so headline value substantially overstates committed revenue.

CQ JV's six subawards totaling $29.4M exceed its prime obligation, meaning much of the work sits with unnamed subcontractors and prime-level margin visibility is limited.

Recipient ownership and public-market status are undisclosed for several awards (Grunley, Dean Snyder, CDEEM, Universal Protection, SALIENSE), which limits the ability to translate contract value into investment exposure.

The Aerospace Corporation's DOE/NNSA nuclear-security delivery order is the only defense-related award in this set and carries a potential ceiling of $146,156,020 through 2030-06-04, signaling continued federal nuclear-security analysis demand.

DYNANET Corporation's NIH IT program support order has a $64,887,919 ceiling with a potential end of 2030-09-29, offering growth if NIH exercises options.

KYC Advisors LLC and ALLIANCE-type small business recipients benefit from set-aside channels, with KYC's USCIS award carrying an $82,909,800 ceiling under a total small business set-aside.

Universal Protection Service's DHS/FPS border security order carries a $401,685,093 base-plus-options value, the largest ceiling in this set, if options are exercised through 2031-07-31.

Construction-related awards from USDA APHIS (Dean Snyder, $32,885,020), Smithsonian (Grunley, $29,213,000), and VA (CDEEM, $22,900,000) account for roughly $85M of the $384.7M total, with most showing low early outlays.

IT and management consulting awards from HHS (DYNANET $21,278,158; Healthcare Management Solutions $23,072,715), DHS (KYC Advisors $22,511,725), and DOT (SALIENSE $21,253,130) show sustained civilian demand for application and program support.

Only one of 13 contracts (The Aerospace Corporation, $41,772,736) is defense-related, so this period offers little read-through on DOD procurement momentum.

{"entity" => "CDEEM Co. (VA generator upgrade)", "reason" => "$22,900,000 firm fixed price contract shows $0 outlayed with a current end date of 2026-10-16.", "trigger" => "Modification or extension around the 2026-10-16 end date"}

{"entity" => "Grunley Construction Co., Inc. (Smithsonian)", "reason" => "$29,213,000 award shows $0 outlayed against a roughly one-month performance window ending 2026-10-26.", "trigger" => "Outlay reporting and any change orders before 2026-10-26"}

{"entity" => "Universal Protection Service, LP (DHS/FPS)", "reason" => "$22,644,780 current obligation against a $401,685,093 ceiling, with 2026-08-01 start and $0 outlayed.", "trigger" => "Option exercise decisions and outlay activity after the 2026-08-01 start"}

{"entity" => "The Aerospace Corporation (DOE/NNSA)", "reason" => "Only defense-related award in the set, with $146,156,020 ceiling and $26,579,293 outlayed.", "trigger" => "Option exercise and incremental obligations against the ceiling"}

{"entity" => "DYNANET Corporation (NIH)", "reason" => "$21,278,158 obligation against a $64,887,919 ceiling, with only $4,134,410 outlayed.", "trigger" => "Option exercise on the 2027-09-29 current end date"}